Record Participation in TERA-Award Highlights Global Energy Innovation
Eindhoven, Sunday, 27 April 2025.
The 2025 TERA-Award saw an unprecedented 785 entries from 76 countries, emphasizing renewable energy. This surge demonstrates a significant global shift towards smart energy solutions and climate technology.
Global Distribution and Competition Categories
The competition’s global reach is evident in its diverse participation statistics, with mainland China leading at 18.1% of entries, followed by the United States at 12.5%, India at 8.7%, and the United Kingdom at 6.2% [1]. Hong Kong contributed 5.5% of submissions, while the remaining entries came from various regions across Europe, the Middle East, and the Americas [2]. The competition, which closed for applications on April 9, 2025, focuses on six key innovation categories, with renewable energy emerging as the most prominent track, encompassing green fuels, hydrogen technology, smart energy systems, and sustainable infrastructure [3].
Success Stories and Commercial Impact
Previous participants have demonstrated remarkable success in commercializing their innovations. Notable among these is i2Cool, which recently completed its Series A funding with support from competition organizer Towngas. Their electricity-free cooling coatings have achieved global market penetration [1]. Another success story is Luquos Energy, whose sulfur-based flow battery system has progressed to a demonstration project in Shenzhen, thanks to strategic support from Towngas [1].
Evaluation Process and Future Prospects
The evaluation process is being led by Professor Cui Yi, an internationally renowned materials scientist from Stanford University [1]. The judging panel will assess entries based on technological innovation, commercial feasibility, scalability, and potential global impact [3]. The competition, supported by Full Vision Capital, offers more than just its USD 1 million grand prize - it provides valuable networking opportunities with industry leaders, investors, and strategic partners [4]. Winners will be announced in July 2025, marking a significant milestone in the competition’s four-year history [1].